Cobie: It is uncertain whether Bitcoin's returns are diminishing, but the difficulty and risks of trading alts will continue to increase.

BlockBeats news, on November 3rd, crypto KOL Cobie tweeted that it is uncertain whether Bitcoin will continue to provide diminishing returns, but trading altcoins (on average) will become increasingly difficult and dangerous, marking an irreversible trend. The reasons include: fierce and maturing competition among buyers, while confidence decreases; mainly through Perptual Futures and Margin Trading; market capitalization is inherently overvalued and severely diluted; the FDV at launch captures all optimistic sentiment, ignoring price and valuation; excessive price discovery in the pre-market leads to insecurity. In 2017, buyers purchased Spot and held for weeks/months due to strong conviction and increased the position during the pump, resulting in early undervaluation effectiveness. In 2025, buyers purchased through Perptual Futures without assessing valuation, selling when profit and loss turned negative or during liquidation. However, altcoins remain the best return area for smart individuals, where skill expression and asset selection are more important, and patience yields better returns in the liquid market compared to “early” get on board.